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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$233,805$233,805$400,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$166,695$0
Funding fee$0$0$0
Note rate3.8%3.8%7.18%
Blended rate4.65%6.044%7.42%
1st payment$1,432.82$1,432.82$2,713.13
2nd payment$0.00$1,111.30$0.00
Taxes / mo$77.17$77.17$77.17
Insurance / mo$150.00$150.00$150.00
MI / mo$217.81$217.81$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,877.80$2,989.10$3,020.39
Cash to close$211,195$44,500$44,500